Friday, 12 January 2024

​​​FTSE 100, CAC 40 and Russell 2000 Remain under Pressure following Higher US Inflation Print​​​

​​Outlook on FTSE 100, CAC 40 and Russell 2000 ahead of US PPI and start of Q4 earnings season.

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Pound Sterling Latest: UK GDP Rose in November but Remains Lacklustre

The pound rose modestly in the moments after November’s GDP data edged expectations to the upside. Longer-term growth trends continue to be a drag

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Thursday, 11 January 2024

Gold Price, Nasdaq 100 at Risk of Larger Correction after Hot US CPI Data. Why?

Gold and the Nasdaq 100 present an unattractive risk-reward profile at present, as sticky U.S. inflation and resilient labor markets could prevent the Fed from delivering the aggressive rate cuts Wall Street is discounting for this year.

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US banks 4Q earnings preview: What to Expect

As per tradition, the 4Q 2023 earnings parade will kick off with the major US banks, starting with JPMorgan, Citigroup, Wells Fargo and Bank of America this Friday.

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Pound Sterling Price Action Setups: GBP/JPY, GBP/USD, EUR/GBP

Sterling is in focus this week as UK GDP data for November is due to be released on Friday and US CPI comes out at 13;30 GMT today. GBP price action setups analysed

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Euro (EUR) Outlook: EUR/USD Remains in Thrall to Upcoming US Inflation Data

With little Euro Area data out for the rest of the week, Euro pairs will be driven by external influences, including today’s US inflation report.

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Wednesday, 10 January 2024

US Inflation Preview: How Will Gold Prices, Nasdaq 100 and the US Dollar React?

Gold prices, Treasury yields, the U.S. dollar and the Nasdaq 100 will be quite sensitive to the December U.S. inflation report, as consumer price data can guide the Fed's next policy moves and the timing of the first interest rate cut.

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US Dollar, Yields Mixed Before US CPI, Setups on EUR/USD, GBP/USD, Nasdaq 100

This article focuses on the technical outlook for EUR/USD, GBP/USD and the Nasdaq 100, analyzing market sentiment and price action dynamics ahead of upcoming U.S. inflation data.

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Aussie Dollar Rises Despite Second Consecutive Monthly Drop in Inflation

The Australian dollar rose after the monthly CPI indicator revealed lower then expected inflation for November. However, services inflation remains a concern for the RBA

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US Dollar (DXY) Latest: EUR/USD and GBP/USD on Hold Ahead of US CPI

With little of note on the economic calendar today, the US dollar is in a holding pattern ahead of Thursday’s US inflation report. USD-pairs remain listless ahead of the data.

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Tuesday, 9 January 2024

Gold Price and USD/JPY Forecast: US Inflation Outcome to Drive Market Direction

The December U.S. inflation report, due for release on Thursday, is poised to provide clarity on the Fed's monetary policy outlook, helping guide the near-term trajectory of both gold prices and USD/JPY

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EUR/JPY and GBP/JPY Veer Off Bullish Path after Hitting Resistance. What Now?

This article focuses on the technical outlook for EUR/JPY and GBP/JPY, examining critical price thresholds that could act as support or resistance in the coming trading sessions.

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Dow and Nikkei 225 rally, but Hang Seng Slips Lower Again

Falling inflation expectations and Saudi Arabia’s move to cut export prices for oil meant that equities have finally found their footing after a difficult start to the year. However the Hang Seng is once again an outlier, as it falls once again

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USD/JPY Price Outlook: The Pair Faces Major Support Cluster Pre-CPI

The drastic drop in the US services ISM report brought an end to the recent USD/JPY lift. Now the pair has to contend with the 200 SMA and channel support ahead of US CPI

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Monday, 8 January 2024

Gold Price Forecast: XAU/USD’s Trend Hinges on US Inflation Data. What Now?

This article focuses on gold’s near-term outlook, analyzing closely the fundamental and technical factors underlying recent market moves for the precious metal.

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US Dollar Reverses Lower Before US CPI, Setups on EUR/USD, GBP/USD, USD/JPY

This article focuses on the technical outlook for EUR/USD, GBP/USD and USD/JPY, examining major price thresholds that could act as support or resistance in the coming days ahead of U.S. inflation data.

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FX Focus: DXY and GBP/USD in the Spotlight Ahead of CPI and GDP Prints

The US dollar index and particularly cable demand attention this week ahead of US inflation and UK GDP data. The greenback’s sluggish start to the week entertains bearish potential

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FTSE 100, DAX 40 and Nasdaq 100 Hold above Last Week’s Lows​​​

​​Outlook on FTSE 100, DAX 40 and Nasdaq 100 ahead of US CPI and start of earnings season.

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Gold Price Update: XAU/USD Testing Recent Lows, Geopolitical Tensions Remain

Gold starts the week on the backfoot despite ongoing tensions in the Red Sea. US rate expectations still suggest six cuts this year but Thursday’s US inflation report may test this forecast.

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Sunday, 7 January 2024

Markets Q1 Outlook: Gold, Stocks, EUR/USD, GBP/USD & USD/JPY Eye Fed, US Yields

Different and complex market dynamics are likely to play out in the first quarter of the new year, creating attractive trade opportunities and setups for key assets, including gold, stocks and the U.S. dollar.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...